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Data #3 reports 6.8 per cent revenue drop

Data #3 reports 6.8 per cent revenue drop

Net profit after tax also falls by 5.1 per cent to $6.8 million

ASX-listed system integrator Data #3 (ASX:DTL) has reported a 6.8 per cent revenue slide for the first half of 2013 to $406.2 million, compared to the same period last year.

The company blamed the drop on a change in timing of some licensing contract renewals and challenging market conditions, which have hampered hardware and services revenues.

Product revenue decreased by 9.7 per cent to $338.6 million while services revenue increased by 12.7 per cent to $66.6 million.

Data #3’s net profit after tax fell by 5.1 per cent to $6.8 million following a 2.2 per cent increase in staff costs to $44.7 million and other operating expenses rising by 19 per cent to $8 million.

Data #3’s managing director, John Grant, said the first half result was “slightly ahead” of the company’s plan, mainly due to the performance of its licensing business and its largest ever infrastructure contract with Perth’s new Fiona Stanley Hospital.

“We see the uncertain market conditions in both the private and public sectors continuing for the remainder of this financial year,” he said.

“Under these circumstances we are not in a position to provide guidance for the full year and we will keep shareholders informed.”

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